Skip to main content

GM to Stop Sales of Spin in Indonesia

From The Jakarta Post
March 02, 2015

US auto giant General Motors (GM) has said it will stop selling minivan Spin following the closure of its plant in Bekasi, West Java, in June this year.
Despite the step, the firm vowed to guarantee service for minivans owned by Indonesian customers, General Motors Manufacturing Indonesia acting president director Pranav Bhatt said on Monday.
"We will continue to support our customers in Indonesia from an after-sales perspective," he told reporters at the Industry Ministry's offices.
Bhatt added that after it had transformed into a national sales company, GM's Indonesian unit would focus on sports utility vehicles and pick-ups.
GM last week announced it would stop manufacturing multi-purpose vehicle (MPV) Spin in Indonesia after feeling the heat from stiff competition in one of Southeast Asia's largest auto markets.
Earlier the firm said it would build a new plant through a US$700 million deal with Chinese partners SAIC Motor Corp and Wuling Motors, expected to produce low-cost and fuel-efficient Wuling-brand vehicles.
Bhatt further said that it might be possible for the new joint venture to use GM's existing assets in Indonesia after a study assessing the feasibility was carried out.
- See more at: http://www.thejakartapost.com/news/2015/03/02/gm-stop-sales-spin-indonesia.html#sthash.upTDvqPA.dpuf
In June this year, US auto giant General Motors (GM) has said it will stop selling minivan Spin following the closure of its plant in Bekasi. The firm however promise to guarantee service for minivans owned by Indonesian customers, General Motors Manufacturing Indonesia acting president director Pranav Bhatt said on Monday.

Bhatt added that after it had transformed into a national sales company, GM's Indonesian unit would focus on sports utility vehicles and pick-ups. Earlier the firm said it would build a new plant through a US$700 million deal with Chinese partners SAIC Motor Corp and Wuling Motors, expected to produce low-cost and fuel-efficient Wuling-brand vehicles.

For detailed story, visit here
US auto giant General Motors (GM) has said it will stop selling minivan Spin following the closure of its plant in Bekasi, West Java, in June this year.
Despite the step, the firm vowed to guarantee service for minivans owned by Indonesian customers, General Motors Manufacturing Indonesia acting president director Pranav Bhatt said on Monday.
- See more at: http://www.thejakartapost.com/news/2015/03/02/gm-stop-sales-spin-indonesia.html#sthash.upTDvqPA.dpuf

US auto giant General Motors (GM) has said it will stop selling minivan Spin following the closure of its plant in Bekasi, West Java, in June this year. - See more at: http://www.thejakartapost.com/news/2015/03/02/gm-stop-sales-spin-indonesia.html#sthash.upTDvqPA.dpuf
US auto giant General Motors (GM) has said it will stop selling minivan Spin following the closure of its plant in Bekasi, West Java, in June this year.
Despite the step, the firm vowed to guarantee service for minivans owned by Indonesian customers, General Motors Manufacturing Indonesia acting president director Pranav Bhatt said on Monday.
"We will continue to support our customers in Indonesia from an after-sales perspective," he told reporters at the Industry Ministry's offices.
Bhatt added that after it had transformed into a national sales company, GM's Indonesian unit would focus on sports utility vehicles and pick-ups.
GM last week announced it would stop manufacturing multi-purpose vehicle (MPV) Spin in Indonesia after feeling the heat from stiff competition in one of Southeast Asia's largest auto markets.
Earlier the firm said it would build a new plant through a US$700 million deal with Chinese partners SAIC Motor Corp and Wuling Motors, expected to produce low-cost and fuel-efficient Wuling-brand vehicles.
Bhatt further said that it might be possible for the new joint venture to use GM's existing assets in Indonesia after a study assessing the feasibility was carried out.
- See more at: http://www.thejakartapost.com/news/2015/03/02/gm-stop-sales-spin-indonesia.html#sthash.upTDvqPA.dpuf
US auto giant General Motors (GM) has said it will stop selling minivan Spin following the closure of its plant in Bekasi, West Java, in June this year.
Despite the step, the firm vowed to guarantee service for minivans owned by Indonesian customers, General Motors Manufacturing Indonesia acting president director Pranav Bhatt said on Monday.
"We will continue to support our customers in Indonesia from an after-sales perspective," he told reporters at the Industry Ministry's offices.
Bhatt added that after it had transformed into a national sales company, GM's Indonesian unit would focus on sports utility vehicles and pick-ups.
GM last week announced it would stop manufacturing multi-purpose vehicle (MPV) Spin in Indonesia after feeling the heat from stiff competition in one of Southeast Asia's largest auto markets.
Earlier the firm said it would build a new plant through a US$700 million deal with Chinese partners SAIC Motor Corp and Wuling Motors, expected to produce low-cost and fuel-efficient Wuling-brand vehicles.
Bhatt further said that it might be possible for the new joint venture to use GM's existing assets in Indonesia after a study assessing the feasibility was carried out.
- See more at: http://www.thejakartapost.com/news/2015/03/02/gm-stop-sales-spin-indonesia.html#sthash.upTDvqPA.dpu
US auto giant General Motors (GM) has said it will stop selling minivan Spin following the closure of its plant in Bekasi, West Java, in June this year.
Despite the step, the firm vowed to guarantee service for minivans owned by Indonesian customers, General Motors Manufacturing Indonesia acting president director Pranav Bhatt said on Monday.
"We will continue to support our customers in Indonesia from an after-sales perspective," he told reporters at the Industry Ministry's offices.
Bhatt added that after it had transformed into a national sales company, GM's Indonesian unit would focus on sports utility vehicles and pick-ups.
GM last week announced it would stop manufacturing multi-purpose vehicle (MPV) Spin in Indonesia after feeling the heat from stiff competition in one of Southeast Asia's largest auto markets.
Earlier the firm said it would build a new plant through a US$700 million deal with Chinese partners SAIC Motor Corp and Wuling Motors, expected to produce low-cost and fuel-efficient Wuling-brand vehicles.
Bhatt further said that it might be possible for the new joint venture to use GM's existing assets in Indonesia after a study assessing the feasibility was carried out.
- See more at: http://www.thejakartapost.com/news/2015/03/02/gm-stop-sales-spin-indonesia.html#sthash.upTDvqPA.dpuf

Comments

Popular posts from this blog

Indonesia's Astra Pins Hopes on Inexpensive Cars

From Wall Street Journal Feb 14, 2013 PT Astra International plans to continue dominating Indonesia's booming car and motorcycle markets by spending billions of dollars on expansion and becoming the first auto maker to sell a car priced to reach the country's emerging middle class. Astra controls 54% of the passenger-car market through joint ventures with Japan's Toyota Motor Corp., Daihatsu Motor Co. and Isuzu Motor Ltd., and holds 58% of the motorcycle-and-scooter market through a joint venture with Honda Motor Co.  To expand the pool of Indonesians who can afford a car, Astra plans next quarter to introduce models with sticker prices as low as $8,000 through its joint ventures with Toyota and Daihatsu. Currently, the least-expensive passenger cars in Indonesia sell for at least $12,000. "We will be the first offering affordable vehicles," he said. "This year, [auto-sales growth] should at the very least be flat, provided this ne...

POSCO to lift Indonesia investment to $11 billion over next 5 years: Jakarta

From Reuters Oct 19, 2012 South Korean steelmaker POSCO will almost double its investment in Indonesia to $11 billion over the next five years, from $6 billion currently, Chief Economics Minister Hatta Rajasa said on Friday. The world's fourth-biggest steelmaker, already has a multi-billion dollar joint venture with Indonesian state-owned PT Krakatau Steel, the country's biggest steel producer. Earlier this year, the South Korean firm's affiliate POSCO Engineering & Construction, formed a consortium to build two 300-megawatt power plants on Indonesia's Sumatra island, worth around $1 billion. A POSCO spokesman in Seoul said the South Korean firm has yet to make detailed investment commitments in Indonesia, and noted other partners would jointly invest in any projects. Foreign direct investment in Indonesia stayed strong in the second quarter, showing the G20 member remained a magnet in a troubled global economy and that changes in mining ownership r...

Goverment to Build New Port in Subang or Indramayu

From The Jakarta Post April 2, 2015 The government has changed its plan to build a new port in Cilamaya and is seeking a better location in Subang or Indramayu, West Java. Vice President Jusuf Kalla said the government needed to build a new port but it would not be in Cilamaya. The Vice President, who visited Cilamaya with several ministers, including Coordinating Maritime Affairs Minister Indroyono Susilo and Transportation Minister Ignasius Jonan on Thursday, said the new port would be built east of Cilamaya, either in Subang or Indramayu. Kalla said the main reason to move the new port’s location to another regency was because waters in the area were already crowded by offshore mining activities and oil tankers transporting crude oil to Jakarta and other cities. The government has allocated Rp 34.5 trillion (US$2.6 billion) to construct a new port, as Tanjung Priok Port is deemed too crowded. For detailed story, visit here The government has changed its plan to build a new p...